C-67.2 - Cooperatives Act

Full text
200. To be a member of an agricultural cooperative, a person or partnership must
(1)  be an agricultural producer;
(2)  apply for membership except in the case of a founder;
(3)  subscribe and pay for the required qualifying shares in accordance with the by-laws;
(4)  undertake to observe the by-laws of the cooperative;
(5)  be admitted by the board of directors, except in the case of a founder.
In the case of a cooperative whose objects are connected with marketing, the person or partnership must also undertake to deliver goods or sell goods or services through the cooperative for one year or for a longer period determined under paragraph 2 of section 205.
1982, c. 26, s. 200; 1995, c. 67, s. 123.
200. To be a member of an agricultural cooperative, a person or partnership must
(1)  be an agricultural producer;
(2)  apply for membership except in the case of a founder;
(3)  subscribe and pay for the minimum number of common shares of $10 provided for by the by-laws;
(4)  undertake to observe the by-laws of the cooperative;
(5)  be admitted by the board of directors, except in the case of a founder.
In the case of a cooperative whose objects are connected with marketing, the person or partnership must also undertake to deliver goods or sell goods or services through the cooperative for at least five years.
1982, c. 26, s. 200.